Project Borrowing definition

Project Borrowing means any Borrowing to finance or refinance a project:
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Project Borrowing means any Borrowing (other than a Borrowing by any member of the E-Plus Group or the KPN Qwest Group) to finance or refinance a project:
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Project Borrowing means a borrowing consisting of Project Advances made of, or Converted into, the same Type and Interest Period made on the same day by the Lenders. Project Borrowings consisting of Project Advances of the same Type and Interest Period on the same day shall be deemed a single Borrowing hereunder until repaid in full or next Converted.
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Examples of Project Borrowing in a sentence

  • If on any date the aggregate outstanding principal amount of the Canyons Loan shall exceed the Canyons Construction Project Borrowing Base, determined as of such date, GSRP shall immediately pay the amount of such excess to the Administrative Agent together with interest accrued thereon to (but not including) the date of such payment and such amounts shall be applied by the Administrative Agent when received in good, collected funds as set forth in Section 2.5(d) hereof to prepay the Canyons Loan.

  • Failure to meet a Borrowing Base Covenant applicable to such Project for a period of six months Reduction of Project Borrowing Base by 100%.

  • Occurrence of a Project Credit Event Reduction of Project Borrowing Base to $0.

  • Failure to meet a Borrowing Base Covenant applicable to such Project for a period of three months Reduction of Project Borrowing Base by 20%.

  • The Aggregate Debt Service Coverage Ratio is less than 1.25 to 1.00 for a period of six months Reduction of Project Borrowing Base of all Stabilized Projects included in the Borrowing Base by 100%.

  • After giving effect to such Borrowing, the amount of the outstanding Loans attributable to the applicable Project does not exceed the applicable Project Borrowing Base Value.

  • Upon any reclassification of Inventory, the applicable Borrowing Base and its component parts (i.e., the Completed Project Borrowing Base, Project Under Construction Borrowing Base, and Land Borrowing Base) shall be recalculated, for purposes of determining whether any Borrowing Base Shortfall then exists, or whether the Supplemental Borrowing Base Maintenance Requirement exceeds the Supplemental Borrowing Base.

  • The Aggregate Debt Service Coverage Ratio is less than 1.25 to 1.00 for a period of three months Reduction of Project Borrowing Base of all Stabilized Projects included in the Borrowing Base by 20%.

  • Occurrence of a Project Impairment Event Reduction of Project Borrowing Base to an amount determined by the Agent after consultation with HCN to provide approximately the same advance rate in respect of the Eligible Project after giving effect to any diminution in value, utility, marketability, or creditworthiness resulting from such event.

  • If on any date the aggregate outstanding principal amount of the *Sugarbush Loan shall exceed the *Sugarbush Construction Project Borrowing Base, determined as of such date, GSRP shall immediately pay the amount of such excess to the Administrative Agent together with interest accrued thereon to (but not including) the date of such payment and such amounts shall be applied by the Administrative Agent when received in good, collected funds as set forth in Section 2.5(d) hereof to prepay the *Sugarbush Loan.

Related to Project Borrowing

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Letter of Credit Borrowing means an extension of credit resulting from a drawing under any Letter of Credit that has not been reimbursed on the date when made or refinanced as a Borrowing.

  • Revolving Credit Borrowing means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(b).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.